Uma
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acharya
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(i) Physical Application: Unlike IPOs/FPOs, no physical application forms are issued to apply for shares in the
OFS process. OFS process is completely platform based.
(ii) Time Period: While IPOs/FPOs remain open for 3-4 days, OFS gets over in a single trading day as the
markets gets closed for trading at 3:30 p.m.
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narahari
answered
(i) Physical Application: Unlike IPOs/FPOs, no physical application forms are issued to apply for shares in the
OFS process. OFS process is completely platform based.
(ii) Time Period: While IPOs/FPOs remain open for 3-4 days, OFS gets over in a single trading day as the
markets gets closed for trading at 3:30 p.m.
(iii) Price Band: Under IPOs/FPOs, there is a price band in which the investors need to bid for the shares or
simply give their consent to buy the shares at the “Cut-Off” price. With OFS, there is a “Floor Price”. As the name
suggests, it is the minimum price at which the investor can bid for the shares under OFS.
